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Full text of "[Announcements]"

NORTHWESTERN 

UNIVERSITY 

BULLETIN 



. 



on HE 



The 
School of Commerce 

1917-1918 



Volume XVII, Number 31 April 7. 1917 

Published Weekly by Northwestern University 

Northwestern University Building 
CHICAGO 



Northwestern University 

Evanston and Chicago 



The 
School of Commerce 

1917-1918 



Published by the University 



Calendar 

1917 1917-1918 

Sept. 24 Mon. Academic year 1917-1918 begins 

Sept. 24 Mori. Examinations for admission 

Sept. 24 Mon. First day of registration 

Sept. 26 Wed. Second examinations 

Sept. 27 Thu. Class work begins 

Oct. 2 Tue. Last day for registration of candidates for advanced 
degrees 

Nov. 29 Thu. Thanksgiving recess, to December 2, inclusive 

Dec. 5 Wed. Last day for filing titles of theses for advanced 
degrees 

Dec. 19 Wed. Christmas recess to January 2, Wednesday, inclusive 

1918 

Jan. 3 Thu. Class work resumed 

Jan. 28 Mon. Mid-year examinations begin 

Feb. 9 Sat. Second examinations. Last day of registration for 
the second semester 

Feb. 1 1 Mon. Second semester begins, Class work resumed 

Feb. 22 Fri. Washington's Birthday 

Mar. 29 Fri. Easter recess, to April 1, Monday, inclusive 

May 18 Sat. Last day for filing theses for advanced degrees 

May 25 Sat. Oral examinations of candidates for advanced 
degrees 

May 27 Mon. Regular examinations begin 

May 30 Thu. Memorial Day 

June 12 Wed. sixtieth annual commencement 



Contents 

Calendar 3 

The Faculty 5 

Special Lecturers 7 

The School of Commerce 8 

Admission 

Requirements 9 

Credits 11 

Course in Business Administration 

Degree, Bachelor in Business Administration 12 

Requirements for the Degree, Bachelor in Business Admin- 
istration 12 

Schedule of Courses 13 

Selection of Subjects 16 

Degree, Bachelor of Science 17 

Registration 18 

Description of Courses 18 

General Information 

The Library 32 

Employment for Graduates 33 

Residences for Men 34 

Grades of Scholarship 35 

Class Attendance 36 

Fees and Expenses 36 

Self-support of Students 37 

University Not Responsible for Personal Losses 38 

How to Address Correspondence 38 



Administrative Officers 

Thomas Franklin Holgate, Ph.D., LL.D., President of the Univer- 
sity ad interim. 
Willard Eugene Hotchkiss, Ph.D., Dean. 
Arthur Emil Swanson, Ph.D., Director of Evening Classes. 
Neva Olive Lesley, Secretary. 



The Faculty 

Willard Eugene Hotchkiss, Ph.D., Professor of Economics and 
Social Science. 

Walter Dill Scott, Ph.D., Professor of Advertising. 

Earl Dean Howard, Ph.D., Professor of Economics. 

Frederick Shipp Deibler, Ph.D., Professor of Economics. 

Alfred William Bays, B.S., LL.B., Professor of Business Law. 

Arthur Edward Andersen, C.P.A., Professor of Accounting. 

Ralph Emerson Heilman, Ph.D., Professor of Economics and Social 
Science. 

Arthur Emil Swanson, Ph.D., Professor of Economics and Business 
Organization. 

Walter Kay Smart, Ph.D., Lecturer in Business English. 

Walter Edward Lagerquist, Ph.D., Associate Professor of Economics 
and Commerce. 

Horace Secrist, Ph.D., Associate Professor of Economics and Sta- 
tistics. 

Homer Bews Vanderblue, Ph.D., Associate Professor of Transpor- 
tation. 

David Himmelblau, B.A., C.P.A., B.B.A., Associate Professor of 
Accounting. 

Frederic Ernest Richter, M.A., Assistant Professor of Banking. 

Henry Post Dutton, B.E.E., Assistant Professor in Factory Manage- 
ment. 

Eric Louis Kohler, M.A., C.P.A., Instructor in Accounting. 



Thomas R. Taylor, M.A., Instructor in Resources and Foreign 

Trade. 
James Harris Bliss, Jr., C.P.A., Instructor in Accounting. 
John Fred Lynn, C.P.A., Instructor in Accounting. 
James Oscar McKinsey, LL.B., B.C.S., Instructor in Accounting. 

OTHER OFFICERS OF INSTRUCTION 

Ronald Salmon Crane, Ph.D., Lecturer in Business English. 
Roy Hall, B.A., Lecturer in Accounting. 
Robert Grant Martin, Ph.D., Lecturer in Business English. 
Jackson Benjamin McKinney, M.A., Lecturer in Business English. 
Charles Augustus Myers, Ph.D., Lecturer in Business English. 
James Hamilton Picken, Lecturer in Sales Correspondence. 
Charles Merle Ruth, LL.B., Lecturer in Business 'Law. 
Thomas Lutz Stitt, Lecturer in Foreign Trade. 
Michele A. Vaccariello, B.A., Lecturer in Commercial Spanish and 
Commercial French. 



Mildred Johnson, B.A., Librarian. 



SPECIAL LECTURERS 

Cuthbert Adams, Bond Department, Merchants Loan and Trust 
Company. 

Norman L. Andersen, Commercial Agent, Bureau of Foreign and 
Domestic Commerce. 

Henry C. Barlow, Traffic Director, Chicago Association of Com- 
merce. 

Harold Benington, C.P.A., Ernest Reckitt and Company. 

Harry Benner, Halsey Stuart and Company. 

Alfred R. Bone, Commercial Agent, Chicago Telephone Company. 

Thomas Drever, C.P.A., Comptroller, American Steel Foundries. 

Edward P. Farwell, Local Manager, Babson Statistical Organiza- 
tion. 

Edward E. Gore, C.P.A., Barrow, Wade, Guthrie and Company. 

William H. Hodge, Manager Publicity Department, H. M. Byl- 
lesby and Company. 

Arthur C. King, Consulting Engineer. 



Albert C. MacMahan, Sales Department, National Cash Register 

Company. 
George C. Mathews, Manager, Rate Department, Anderson, De- 

lany and Company. 
William D. Mathews, Superintendent of Inspections, Chicago Board 

of Underwriters. 
Thomas A. McCormack, C.P.A., General Cost Statistician, Allis- 

Chalmers Manufacturing Company of Milwaukee. 
William D. Mcjunkin, President, W. D. Mcjunkin Advertising 

Agency. 
Walter Merrill, Manager, Merchandise Service Bureau, Chicago 

Tribune. 
James Mullenbach, Chairman Trade Board, Hart, Schaffner & 

Marx. 
John R. Newcomer, Judge, Municipal Court. 
James H. Oates, Hobart & Oates, General Agents, Northwestern 

Mutual Life Insurance Company. 
Daniel J. O'Conner, Efficiency Engineer, Swift and Company. 
Arthur H. Pearsall, Manager Chicago Branch, The Studebaker 

Corporation of America. 
H. A. Putney, Department Near Eastern Affairs, State Department, 

Washington, D. C. 
M. A. Rasmussen, Manager, Adjustment Bureau, Chicago Credit 

Men. 



The School of Commerce 



ORGANIZATION AND LOCATION 

Northwestern University School of Commerce was organized by 
Northwestern University in June, 1908, when sixty business men of 
Chicago, members of the Chicago Association of Commerce, the 
Illinois Society of Certified Public Accountants, and the Industrial 
Club of Chicago, assumed financial responsibility for the School 
during the first three j^ears of its existence. 

Northwestern University, by virtue of its location in a leading 
commercial center, occupies a favorable position for carrying on 
education for business. The general offices of the School of Com- 
merce are in the Northwestern University Building, Chicago, and 
the day classes are conducted on the College Campus in Evanston, 
situated on the lake shore immediately north of the city. A branch 
Commerce office is in Harris Hall, on the Campus. 

The University is equipped with library and other facilities be- 
sides being in close proximity to the large libraries of Chicago. Its 
location offers a wealth of material for study and observation, and 
the advantage of location is greatly enhanced by a plan of organiza- 
tion which insures close co-operation with progressive and public- 
spirited business men. 



THE AIM OF THE SCHOOL OF COMMERCE 

Instruction in the School of Commerce is based on three 
fundamental aims: first, to give students a comprehensive, many- 
sided survey of business facts and experience; second, to develop a 
power of accurate analysis which will prepare the student to think 
complicated business problems through to the end; third, to maintain 
an atmosphere in which large business problems will be regarded in 
a public-spirited way. Fundamentally, then, the object of the School 
is to train business executives. 



SUCCESSFUL BUSINESS MEN, TRAINED MEN 

Men who have been successful in a legitimate business have in 
some way been trained for that success. They may have been trained 
by the business itself, but if they have, years of experience have 



THE SCHOOL OF COMMERCE 



brought them to the point where they observe certain definite prin- 
ciples of business action. Consciously or unconsciously, these prin- 
ciples are applied to the solution of problems just as principles are 
applied to the solution of problems in law, medicine, and other pro- 
fessions. 

TRAINING BY EXPERIENCE WASTEFUL 

To learn from trial and error, from the mistakes of the daily 
routine, is costly. Only a short time ago, lawyers, doctors and engi- 
neers were being trained in the school of experience. Early chemists 
were limited to the results of their individual observations and 
research. But today no one would think of sending a prospective 
chemist to a laboratory to work out his preparation at random without 
the benefit of the experience and the scientific principles already 
achieved. As the principles of chemistry and other sciences have been 
derived from experiment and observation, so there is need of assem- 
bling the results of experience in business and of making available for 
the future, principles of business management which have emerged 
from the successes and errors of the past. The wastefulness of 
leaving each individual to learn from costly experience what others 
have discovered over and over again, has brought the keenest execu- 
tives to realize that systematic business training is a fundamental 
necessity. 

Admission 

REQUIREMENTS FOR ADMISSION TO THE COURSE IN BUSINESS 
ADMINISTRATION 

Applicants for admission to the course in Business Administration 
must have satisfied entrance requirements in some college, profes- 
sional, or scientific school of approved standing and have completed 
two full years of study in such school. The inclusion, in the two 
college years, of a full year course in the Principles of Economics is 
recommended. Persons are not permitted to begin the work of the 
course in Business Administration unless their college record gives 
evidence of capacity to undertake serious professional study. 

COLLEGE PREPARATION FOR ENTRANCE TO THE COURSE IN BUSINESS 

ADMINISTRATION 

Persons about to enter college, who can meet the entrance require- 
ments of the College of Liberal Arts of Northwestern University, 
may qualify for entrance to the course in Business Administration by 



10 NORTHWESTERN UNIVERSITY 



taking the following two-year Pre-Commerce course in the College of 
Liberal Arts: 

Freshman Year Sophomore Year 

Hours Hours 

Economic History (Economics Economics A 3 

A A) 3 General Psychology 3 

Mathematics Ai or A2 3 English Bi 2 

English Ai or A2 3 Foreign Language (German A 

Foreign Language (French A or French A) 3 

or German A) 3 Science 4 

Geography 4 ' — 

— Total 15 

Total 16 Bookkeeping — second semester, 

no credit a 

If the applicant presents credit for less than two years of college 
work, such credit applies on the above Pre-Commerce course. 



COLLEGE ENTRANCE REQUIREMENTS FOR THE PRE-COMMERCE 

COURSE 

For admission to the Pre-Commerce course without examination, 
a certificate of the Principal of an accredited high school, or other 
qualified officer, must be presented, recommending the candidate as 
competent to pursue college studies to advantage, and showing fifteen 
units of credit as follows: 

A. At least three units of English, one unit of Algebra, and 

one unit of Geometry. 

B. Foreign languages — Latin, Greek, French, German — at least 

three units of one of these languages or two units of each 
of two of them. 

C. Other subjects sufficient to make, with the above, an ag- 

gregate of fifteen units. These may include any sub- 
jects commonly appearing as a part of a high school 
course, provided that no subject is presented for less than 
a half unit of credit. Vocal music and physical training 
are not recognized for credit. 

A condition of not more than one unit may be allowed to a can- 
didate ranking above the lowest quarter of his high school class, but 
no condition is allowed in the prescribed English, Algebra, or 
Geometry. 



THE SCHOOL OF COMMERCE 11 



Deficiencies in entrance credit may be made up by examination 
before admission, at the examinations of the College Entrance Ex- 
amination Board in June, or at the regular entrance examinations 
held at this University in September. All entrance deficiencies must 
be made up before the beginning of the second year of residence. 

For candidates who do not present from an accredited school cer- 
tificates covering the entrance requirements described above, the fol- 
lowing provision is made: Examinations may be taken in the pre- 
scribed work in English, Algebra, Geometry, and Foreign Languages, 
and, if these are satisfactory, the candidate will be admitted to col- 
lege, provided he presents supplementary evidence of preparation 
equivalent to that furnished by a four-year high school course. 

CREDITS 

College credits for admission or for advanced standing, and high 
school credits for admission to the Pre-Commerce course in the 
College of Liberal Arts, must be forwarded by the principal or the 
registrar of the institution last attended. The proper blanks will be 
furnished upon request. 

THE OBJECT IN REQUIRING TWO YEARS OF COLLEGE STUDY IN 

PREPARATION FOR ENTRANCE TO THE COURSE IN 

BUSINESS ADMINISTRATION 

The business career is rapidly acquiring, and ought to acquire, a 
recognized professional standing. Every young business man should 
have a training which not only will enable him to maintain his place 
in the profession but also will serve to make him a leader in raising 
the standards of business efficiency. To rise to such a position, he 
must be able to look beyond the routine duties of his work and to 
grasp the broader principles upon which business success is founded. 
Business today demands in particular men who are educated, and 
not men who are merely drilled in specific processes. 

The aim of the Northwestern University School of Commerce is 
to base the training of its students for business on the foundation of a 
broad outlook on life. Business is infinitely complex and specialized, 
and requires a power of analysis which nothing so well as a compre- 
hensive scientific training can give. With this complexity there 
exist, in a great modern business, far-reaching public relations de- 
manding a liberal culture and the finest qualities of mind and spirit. 
It is for the purpose of developing such qualities that colleges are 
maintained. 



12 NORTHWESTERN UNIVERSITY 



In requiring two years of college work as a prerequisite for ad- 
mission to the course in Business Administration, and in combining 
with the strictly professional subjects in that course many others of a 
liberalizing purpose, the School of Commerce becomes articulated as 
an integral part of the scheme of American higher education. The 
student who contemplates taking up the course in Business Adminis- 
tration should pursue the two years of preparatory college work with 
the same earnest professional spirit which will be required of him 
in the years of the Business Administration course which follow, 
remembering that, without the training of mind and spirit, he will 
not be able in any adequate way to solve the problems of his later 
course and of the active years which follow. 

Education is a public function and owes its chief duty to society. 
While the School of Commerce fully expects to promote the progress 
of its students toward positions of greater responsibility and influence, 
its first object is to make them useful members of the commonwealth 
by increasing their efficiency in rendering service. 



The Course in Business Administration 

THE DEGREE, BACHELOR IN BUSINESS ADMINISTRATION 

By vote of the Board of Trustees, January 9, 19 12, a course of 
study leading to the degree of Bachelor in Business Administration 
was approved. The plan of instruction contemplates a three-year 
course involving a thorough inquiry into the principles of business 
organization and management, and the application of principles to 
specific problems. The course comprises a careful and comprehensive 
survey of the different branches of business, followed by a more in- 
tensive study in some particular line. 

REQUIREMENTS FOR THE DEGREE, BACHELOR IN BUSINESS 
ADMINISTRATION 

Formal application for the degree must be made before Novem- 
ber 1 of the academic year in which the degree is granted. Every 
candidate for the degree will be required, during his last year, to 
undertake a piece of constructive investigation relating to the par- 
ticular business which he intends to enter. The subject of this 
investigation must be filed with the secretary of the School of Com- 
merce not later than December 1, and a thesis containing the results 
must be presented not later than May 15. 



THE SCHOOL OF COMMERCE 13 



In order to qualify for the degree at the end of the third year, it 
is necessary for the student to secure a position and to be employed 
in the line of business for which he is preparing, during the summer 
intervening between the last two years. 

Candidates offering advance credit from other institutions are 
required to pursue at least one full year's work under the direction 
of the School of Commerce faculty. 

The degree, Bachelor in Business Administration, is not awarded 
merely as result of pursuing a specified number of courses. Stu- 
dents are expected to meet the requirements imposed with the 
professional spirit and measure of precision demanded in well-regu- 
lated business houses. As the course progresses, they should acquire 
ability to analyze business situations and to apply fundamental prin- 
ciples to the solution of practical business problems. If after a reason- 
able time a student's work does not give promise of effectiveness in 
the business field, he is discouraged from continuing the course. 

Schedule of Courses 

First Year 
The required work of the first year of the Business Administration course 
is alike for all students regardless of the particular field in which ther 
intend to specialize. The schedule for this year is as follows: 

Note: Year-subjects are printed in dark type; semester-subjects in light type. 

Required Subjects One Elective in 

Money and Banking English 

Corporation Finance Political Science 

Accounting I History 

Statistics Mathematics, or 

Business Law Science 
Business Psychology 
Resources and Trade 

Note: Students who enter the course in Business Administration without hav- 
ing had the Principles of Economics will be required to take that course in the first 
year and postpone Money and Banking and Corporation Finance until later. Sim- 
ilarly, a course in General Psychology must precede the course in Business Psy- 
chology. 

Second and Third Years 
Required Subjects 

Courses required of all students will demand roughly two-thirds of 
the student's time in the second year and one-fourth of his time in the 
third year. The required courses of the second year are Business and 
Government, Business Organization, Seminar. A Seminar in the student's 
special subject is required in the third year. The required seminar courses 
represent uniformity in method of study rather than in subject matter. 
The seminar work of each student in the third year, and as far as prac- 
ticable in the second year, will relate to the field of business for which 
he is preparing. 



14 



NORTHWESTERN UNIVERSITY 



J I to native Schedules 

The following schedules show some of the chief business careers for 
which the work of the School of Commerce is intended to prepare, together 
with the principal subjects which students in each special field will be 
expected to pursue. Except for the required courses listed above, the work 
of the last two years is flexible, varying according to the field chosen and 
according to the needs of the particular students. 

In all cases emphasis in the last year is laid primarily on individual 
work in some special field of business research. 



ACCOUNTING 



Second Year 
Required 

Seminar 

Business and Government 

Business Organization 

Accounting III* 

Investments 

Statistics* 
Elective 

English 

Public Finance and Taxation 

Public Utilities 

Municipal Government 

Mathematics 



Third Year 
Required 

Seminar in Accounting 

Cost Accounting 

Public Service Corporation 
Accounting 

Business Law 

Efficiency Standards 
Elective 

Factory Management 

Labor Problems 

Industrial Relations 



BANKING AND FINANCE 



Second Year 
Required 
Seminar 
Business and Government 

Business Organization 
Commercial Organization 
Investments 
Advanced Banking 
Accounting Ilf 
Elective 

Foreign Trade 
Municipal Government 



Third Year 
Required 

Seminar in Finance 

Banking Law 

Corporation Law 

Public Finance and Taxation 
Elective 

Public Service Corporation 
Accounting 

Public Utilities 

Political Science 



CHAMBER OF COMMERCE ADMINISTRATION 



Second Year 
Required 
Seminar 

Business and Government 
Business Organization 
Commercial Organization 
Transportation 
Rate-making 
Elective 

Municipal Government 
Labor Problems 
Foreign Trade 
Public Utilities 



Third Ykar 
Required 

Seminar in Commerce 

Factory Management 

Efficiency Standards 

Industrial Relations 

Public Finafnce and Taxation 
Elective 

Industrial and Social Problems 

Business Law 

Sociology 



•Students specializing in Accounting will normally take Accounting II in the 
second semester of the first year (see schedule), postponing Statistics to the second 
semester of the second vear. 

tThe adjustment of this schedule requires students to take the two-year-hour 
course in Accounting II in the evening school in Chicago. 



THE SCHOOL OF COMMERCE 



15 



COMMERCE AND MERCHANDISING 



Second Year 
Required 
Seminar 



and Government 

Business Organization 
Commercial Organization 
Investments 
Advanced Banking 
Elective 

English 

Industrial and Social Problems 

Labor Problems 

Municipal Government 



Third Year 
Required 

Seminar in Merchandising 

Transportation 

Rate-making 

Efficiency Standards 

Advanced Psychology 
Elective 

Industrial Relations 

Foreign Trade 

Sociology 

Advanced Economics 



COMMERCIAL TEACHING 



Second Year 
Required 

Seminar 

Business and Government 

Business Organization 

Commercial Organization 

Accounting II 
Elective 

Educational Psychology 

History of Education 

Problems in Secondary Education 

English 



Third Year 
Required 

Seminar in Commercial Education 

Factory Management 

Efficiency Standards 

Cost Accounting 

Industrial Relations 
Elective 

English 

High School Methods 

Industrial and Social Problems 

Sociology 



FACTORY MANAGEMENT 



Second Year 
Required 

Seminar 

Business and Government 

Business Organization 

Factory Management 

Efficiency Standards 

Accounting II 
Elective 

Industrial and Social Problems 

Advanced Psychology 

Engineering 



Third Year 

Required 

Seminar in Factory 
Cost Accounting 
Industrial Relations 
Labor Problems 

Elective 

Engineering 
Sociology 
Transportation 
Rate-making 



Management 



FOREIGN TRADE* 



Second Year 
Required 
Seminar 

Business and Government 
Business Organization 
Commercial Organization 
Foreign Trade 
South American Trade 
Elective 
History 

Political Science 
Sociology 
Foreign Languages 



Third Year 
Required 

Seminar in Foreign Trade 

Business Law 

Advanced Banking 

Political Science 

International Law 

Transportation 

Rate-making 
Elective 

Efficiency Standards 

Industrial Relations 

Public Finance and Taxation 

History 

Foreign Languages 



# For students who expect to go into Foreign Trade an additional year of prep- 
aration is urged. 



16 



NORTHWESTERN U N I V E R S 1 T Y 



PUBLIC AND SOCIAL SERVICE 



Second Year 
Required 

Seminar 

Business and Government 

Business Organization 

Commercial Organization 

Political Science 
Elective 

Accounting II 

Political Parties 

Sociology 

Labor Problems 



Third Year 
Required 
Seminar 
Accounting 

Public Finance and Taxation 
Political Science 
Elective 

Efficiency Standards 
International Law 
Constitutional Law 
Industrial and Social Problems 
Industrial Relations 



SECRETARIAL WORK 



Second Year 
Required 

Seminar 

Business and Government 

Business Organization 

Efficiency Standards 

Accounting 
Elective 

Commercial Organization 

Labor Problems 

Political Science 

English 



Secretarial Adminis- 



Third Year 
Required 

Seminar 
tration 

Office Management 

Industrial and Social Problems 

English 
Elective 

Public; Finance and Taxation 

Industrial Relations 



TRANSPORTATION 



Second Year 
Required 
Seminar 
Business and Government 

Business Organization 
Commercial Organization 
Transportation 
Rate-making 
Elective 

Labor Problems 

Public Finance and Taxation 

Business Law 



Third Year 
Required 

Seminar in Transportation 

Efficiency Standards 

Transportation Law 

Public Service Corporation 
Accounting 

Public Utilities 
Elective 

Industrial Relations 

Industrial and Social Problems 

Political Science 



Selection of Subjects 

IMPORTANCE OF FUNDAMENTAL COURSES 

It is highly important that students should be well grounded in 
those subjects in which fundamental principles are set forth. Espe- 
cially do students of business need a thorough training in the use of 
English. Certain fundamental subjects have been made the foun- 
dation of the course in Business Administration by including them in 
the schedule of the first year. Even in the highly specialized subjects 
of the later years, emphasis is constantly laid on the fundamental 
principles. 

CHOICE OF ELECTIVES 

Electives should be chosen, not with the idea of accumulating the 
largest volume of information, but with the purpose of securing a 
discipline in the line of work the student intends to follow. 



THE SCHOOL OF COMMERCE 17 



SPECIALIZING 

While the largest emphasis is placed on the training of executives 
in general, it is recognized that the work of the specialist plays a 
large part in present-day business, and provision is made for meeting 
the needs of persons who expect to go into special lines of business, 
such as banking and transportation, and likewise for those who intend 
to follow certain functional specialties like accounting. The basic 
principle, however, underlying the development of the course toward 
greater and greater specialization from the earlier to the later years, 
is that in connection with the opportunity to study business from 
many sides, the course should finally focus in an opportunity to go 
deeply into some one subject and become sufficiently master thereof 
to be able to analyze with authority problems in some narrow field. 

The degree of specialization, however, is not such as to prevent 
all students from mastering those subjects which are most fundamen- 
tal and when it is remembered that the specialization is disciplinary 
rather than informational, even the specialization itself does not 
commit a student to future work in his specialty. While a thorough 
study of a particular subject is doubtless the best preparation for 
further work therein, it also serves as a training for intensive work 
in any field. American progress has owed too much to adapta- 
bility — the power to shift from one activity to another — to justify any 
course of study in which the feature of adaptability is sacrificed. 

THE DEGREE, BACHELOR OF SCIENCE 

Students who take the Pre-Commerce course are able to 
qualify for the degree Bachelor of Science at the end of their second 
year in the course in Business Administration, and to qualify for the 
degree Bachelor in Business Administration at the end of the third 
year. Students who have taken their two years of college work else- 
where can qualify for the degree Bachelor of Science if their previous 
college course has included subjects equivalent to those of the Pre- 
Commerce course. 

The College of Liberal Arts requires for the Bachelor of Science 
degree a prescribed amount of work in a major subject and in two 
minor subjects. The subjects in Economics and Business proper 
cover the requirements for a major and one minor. They also cover 
a second minor in Government, Psychology, Mathematics, or some 
other College subject, the particular minor in each case being selected 
for its service to the student in the field of business for which he is 
preparing. 



18 NORTHWESTERN UNIVERSITY 

Registration 

REGISTRATION FOR COURSE IN BUSINESS ADMINISTRATION 

Every applicant for the course in Business Administration is re- 
quired to register in person either at the office of the School of 
Commerce in Harris Hall on the Campus in Evanston, or at the 
office of the School of Commerce in the Northwestern University 
Building in Chicago. 

REGISTRATION IN PRE-COMMERCE COURSE 

Every applicant for the Pre-Commerce course is required to 
register in person at the office of the Registrar of the College of 
Liberal Arts, in University Hall, Evanston. Considerable advan- 
tage may be gained during the Pre-Commerce course from the counsel 
of a faculty adviser representing the School of Commerce. There- 
fore, students who are planning to enter the School of Commerce 
later are requested to signify their intention at the time of matricula- 
tion in the College of Liberal Arts. 

GENERAL REGISTRATION REGULATIONS 

Registration days are the first Monday, Tuesday, and Wednesday 
of the first semester; and the first Friday and Saturday of the second 
semester. A student not registered at the close of this period is 
subject to a fee of two dollars for late registration. 

Tuition bill is given to the student upon registration. This must 
be presented for payment immediately at the Business Manager's 
Office, 518 Davis Street, Evanston. 

Description of Courses 
Accounting 

Bookkeeping— Theory and Practice — The chief object of the 
work in Bookkeeping is to train students in general bookkeeping 
practice in order to prepare them to take Accounting I. 

Distinction between debits and credits; principles of single and 
double entry ; summarization of transactions and books required for 
this purpose; various kinds of information conveyed through ledger 
accounts; principles of journalizing, with considerable class practice 
work in making of journal entries; posting from original books of 
entry to ledger and classification of transactions; definition of book- 



THE SCHOOL OF COMMERCE 19 



keeping terms; loss and gain accounts, and method of determining 
losses and gains; disposition of losses and gains; abstracting trial 
balances and uses to which trial balances are put; preparation of 
simple financial statements and final closing of books. Instruction is 
largely individual. Prerequisite for Accounting I. No credit. 
Second semester. Mon., 4 to 6. Mr. Hall. 

Accounting I — Principles — A survey of Accounting adapted pri- 
marily to the demands of general business; also the preparatory work 
for students specializing in Accountancy. Fundamental principles 
and their application; single-entry set of accounts developed into a 
modern accounting system. Problems and questions assigned for 
home study. Open to students with training equivalent to the work 
in Bookkeeping. Prerequisite for Accounting II. Required in the 
first year of the course in Business Administration. Credit, four 
semester-hours. First semester. Mon., Th., 2 to 4. Mr. Kohler. 

Accounting II — Intermediate — Continuation of Accounting I, 
for students desiring a thorough knowledge of accounts and auditing 
for general business training; also for students preparing for the 
C.P.A. examination. Subject matter treated from the auditor's point 
of view. A large number of the problems and questions which form 
the basis of the work are taken from C.P.A. examination papers. 
Statement of Affairs ; Realization and Liquidation Account ; Trustee 
and Executor's Accounts; Statement showing Application of Funds; 
Adjustment of Partners' Accounts; Capital vs. Revenue Expendi- 
tures; Branch and Agency Accounting; Survey of Principles of Cost 
Accounting including the principal methods used in the apportion- 
ment of overhead expenses; Auditing — Theory and Practice; Balance 
Sheets and various forms of Income Statements. Mergers and Amal- 
gamations; Consolidated Balance Sheet. Prerequisite for Accounting 
III. Credit, four semester-hours. Second semester. Mon., Th., 
2 to 4. Mr. Kohler. 

Accounting III — Advanced Theory, Auditing and Practice — 
Continuation of Accounting II, primarily for persons who expect to 
enter the Accounting profession. Students completing Accounting 
III and the Quiz Course should be prepared to take the Certified 
Public Accountant's examination, provided they are otherwise quali- 
fied. Based on the problems and questions set at previous C.P.A. 
examinations. Special points to be considered in the audit of munic- 
ipalities, institutions, banks, investment and insurance companies, 
land companies, publishers, mines, public utilities, contractors, etc. 



20 N ( ) R T 1 1 W E STKRN U N I V E R S I T Y 



Investigations for special purposes. The Auditor's Report. Systems. 
Income Tax. Consolidated Balance Sheet and Consolidated State- 
ment of Profits and Income. Credit, two year-hours. Given in 
Chicago*, Mon., 7 to 9 p. m. Professor Himmelblau. 

Public Service Corporation Accounting — Special points arising 
in the accounts of electric light, gas, water, telephone and telegraph, 
electric railways and steam railways, such as plant costs, intangible 
values, discounts on securities, depreciation, classification of main- 
tenance and betterment expenditures, systems of internal check, etc. 
Classification of Accounts prescribed by the Interstate Commerce 
Commission and various state commissions. Preparation of Balance 
Sheets and Operating Statements for independent and controlled 
companies; compilation of statistical data and the uses thereof. 
Special points to be noted in the regular audit of utility companies; 
the trust indenture; certification of amount of bonds which may be 
taken down thereunder. Points to be noted in investigations for rate 
cases; methods of determining operating costs of joint utilities, prin- 
ciples underlying the valuation of physical and intangible property, 
methods of calculating, "going value," depreciation, working capital, 
fair value, fair rate of return, and procedure expenses. Special facili- 
ties available for research work. Credit, two year-hours. Additional 
credit may be arranged for through seminar. Given in Chicago,- 
Wed., 7 to 9. Professor Himmelblau. 

Factory Cost Accounting — Accounting incident to the purchase, 
receipt and issue of raw finished materials, payrolls, and factory 
expenses, and the scientific distribution thereof; issuance of shop 
orders; perpetual inventories; productive and non-productive labor; 
recording and paying of wages; piece work, profit-sharing and 
premium or bonus systems; factory overhead expenses; rent and 
interest in costs; system of repair, renewal and construction orders 
and the allocation of selling, distributing and administrative expenses; 
the use and value of graphic charts in the final assembly of data and 
statistics. Open to students who have had the equivalent of Ac- 
counting I. Registration on permission of instructor. Credit, two 
year-hours. Given in Chicago, Wed., 7 to 9. Mr. Lynn. 



*Subjects marked ''Given in Chicago" are not offered in Evanston. Many 
of the other subjects are repeated in Chicago sections. The Chicago classes 
meet in the late afternoon and evening, and are intended primarily for men 
who are employed during the day. Day students are admitted to Chicago 
sections only upon the recommendation of their faculty adviser. 



THE SCHOOL OF COMMERCE 21 



Quiz Class — Thorough practice work in class room to prepare 
candidates for C.P.A. examinations. Object is to train students to 
apply accounting principles and to work in class room under sub- 
stantially same conditions as in examination room. Practical 
accounting problems; auditing and theory of accounts; analysis and 
discussion. The last hour is devoted to an open discussion of the 
"how" and "why" of the solutions to problems assigned. Instruction 
is largely individual. Credit, two year-hours. Given in Chicago, 
Sat., 2 to 5. Professor Andersen. 

DEGREE OF CERTIFIED PUBLIC ACCOUNTANT 

By act of the General Assembly passed May 15, 1903, provision 
is made for a state examination for the degree of Certified Public 
Accountant. Copies of the state law and the rules governing the 
examination, and questions given in previous examinations since 1903, 
may be secured at the office of the School of Commerce. 



Banking and Finance 

Money, Banking, and Corporation Finance (Economics Bi) — 
First semester, Money and Banking: a brief discussion of the his- 
tory and principles of money; the monetary system of the United 
States, including some of our past problems and their solution ; theory 
of the value of money; index numbers. Principles of banking and 
functions of banks and of bank credit; foreign exchange and gold 
movements; history of banking in the United States; foreign banking 
systems; our banking system today with particular emphasis on the 
Federal Reserve System. Second semester, Corporation Finance: 
corporate organization in modern business; the salient points in its 
legal organization; classification of the instruments of finance; pro- 
motion, underwriting, capitalization^ earnings, expenses, surplus, 
manipulation, insolvency, receivership, reorganization, and regulation. 
Open to students who have completed Economics A (see page 24). 
Credit, three year-hours. Mon., Wed., Fri., 9. Professors Lager- 
quist and Richter. 

Investments (Economics Cio) — Markets and their influence on 
the price of securities. Elements of sound investments and methods 
of computing net earnings, amortization, rights, and convertibles. 
Government, municipal, railroad, steamship, street railway, gas, elec- 
tric, water power, real estate, timber, and irrigation securities as 



22 NORTHWESTERN UNIVERSITY 



investments. Open to students who have completed Economics Bi. 
Credit, three semester-hours. First semester, Mon., Wed., Fri., 9. 
Professor Lagerquist. 

Advanced Money and Banking (Economics C 1) — The Federal 
Reserve System: a review of its chief features; effect of the System 
and of the European War on our banking practices and problems 
and financial relationships, internally and externally. Such subjects 
as bank credits and credit analysis; collections and clearings; foreign 
exchange; money markets and money rates, and bank investments, 
will be dealt with. Crises, their history and theory will be studied 
and the Federal Reserve System considered as a preventive of panics. 
Agricultural credit here and abroad, and the Federal Farm Loan 
Act will also receive attention. Open to students who have com- 
pleted Economics Bi. Credit, three semester-hours. Second semes- 
ter, Tu., Th., Sat., 9. Professor Richter. 

Business Law 

Business Law I and II — General elementary law; contracts; 
agency; sales of personal property; debtor, creditor, and bankruptcy; 
trademarks and unfair competition. Credit, four semester-hours. 
First semester, Wed., Fri., 2 to 4. Professor Bays. 

Business Law III — Corporations; partnerships. Given in Chi- 
cago, first semester, Fri., 7 to 9. Credit, two semester-hours. Mr. 
Ruth. 

Business Law IV — Negotiable paper, suretyship, banks and bank- 
ing. Given in Chicago, second semester, Th., 7 to 9. Credit, two 
semester-hours. Professor Bays. 

Business Law V — Law of real and personal property, insurance. 
Given in Chicago, second semester, Fri., 7 to 9. Credit, two semester- 
hours. Mr. Ruth. 

Commerce 

Principles of Business Organization and Management (Econom- 
ics C16) — The organization and management of a business with 
reference to operation; functional, territorial and unit specialization; 
coordination of men and departments; the delegation of authority in 
the establishment of standards, in the handling of daily routine and 
operation, in maintaining discipline, in emergencies; the relation of 



THE SCHOOL OF COMMERCE 23 



responsibility to authority; the manner in which this relation can be 
sustained; control by means of statistics, graphs and charts, reports, 
supervision and inspection, line organization ; standardization of 
material, operations, methods, machinery, product; discipline, dis- 
ciplinary officers, principle of reward and punishment, value of fines, 
immediate attention in case of infraction of rules;* merit records; 
business policies. Credit, three semester-hours. First semester, Tu., 
Th., Sat., 10:30. Professor Swanson. 

Commercial Organization, Economics C16 — Factors in our dis- 
tributive system including manufacturer; general and specialty whole- 
saler; jobber and sub-jobber; commission merchant; factory agent; 
broker; department, specialty, general, syndicate store; general re- 
tailer; mail order retailer; retail agent and salesman. Sales, adver- 
tising and credit organization and management of the factors in the 
various schemes of distribution. Credit, three semester-hours. Sec- 
ond semester, Tu., Th., Sat., 10:30. Professor Swanson. 

Resources and Trade — A geographical, economic, and commercial 
review of the natural resources of the world. Emphasis will be laid 
upon the natural resources of the United States, treated under three 
groups: 1, agricultural; 2, forest; and 3, mineral. In each group 
the more important products will be singled out for detailed study 
of their occurrence, production, and exchange. The study will deal 
with the industry or the product arising from the resource, more 
than with the resource itself. The trade of the more important 
commercial nations will be analyzed in order that the student may 
view trade from different angles. Credit, three year-hours. Mon., 
Wed., Fri., 11. Mr. Taylor. 

Geography and Trade of South America — After a preliminary 
and general study of the factors influencing the trade of South 
America as a whole, each country will be the subject of detailed 
study. In each case a review of the economic and historical geog- 
raphy will constitute the background for the discussion of the trade 
of the individual country and the factors affecting that trade. 
Emphasis will be laid upon the commercial relations between the 
South American countries and the United States, and the trade 
opportunities that exist for the American exporters. Credit, two 
year-hours. Given in Chicago, Tu., 7 to 9. Mr. Taylor. 

Foreign Trade — Significance. Method of investigating whether 
a foreign market exists for a class of goods, and where it exists. 
How a foreign market can be developed : the nature of the article 



24 NORTHWESTERN UNIVERSITY 



— its uses, possible substitutes, customs, habits, social or economic 
conditions affecting the possible use in a foreign country. Modifica- 
tion of the articles to meet foreign needs or prejudices and to facilitate 
shipment. Work of consular service. International credits; selling 
methods in international trade; packing; invoices; the contract; the 
voyage; the delivery; international exchange. Credit, two semester- 
hours. Given in Chicago, second semester, Fri., 7 to 9. Mr. Stitt. 



Economics 

AA. Economic History — First semester — The general outlines 
of the economic history of England. Second semester — The study 
of the economic history of the United States, with due emphasis on 
present economic problems. Open to all students. Credit, three year- 
hours. For College Juniors and Seniors, or toward a major, this 
course bears but two year-hours of credit. Tu., Th., Sat., 9. Pro- 
fessor Swanson. 

A. The Elements of Economics — An elementary course in the 
principles of economics. First semester — An examination of the 
fundamental principles of economics. Second semester — Application 
of these principles to practical problems. Throughout the course 
special attention is given to the relation between theory and practice. 
Required of Sophomores taking Pre-Commerce course. Credit, three 
year-hours. Credit is not given unless the full course is completed. 
Mon., Wed., Fri., 8, 9, 10; Tu., Th., Sat., 9. Professor Deibler, 
Professor Lagerquist, Professor Secrist, and Professor Vanderblue. 

Bi. Money, Banking, and Corporation Finance — See Banking 
and Finance, page 21. 

*B2. Labor Problejns and Trade Unionism — First semester — 
The development of a wage-earning class, with special emphasis on 
economic causes. Problems of woman and child labor. Immigration. 
Early organizations of labor. Second semester — Trade union his- 
tory, structure, methods and policies. The trade agreement, strikes, 
arbitration, the injunction and the legal responsibilities of the union. 
Alternates with Course C4. Open to students who have completed 
Course A. Credit, three year-hours. Mon., Wed., Fri., 8. Profes- 
sor Deibler. 



Not given in 1917-1918. 



THE SCHOOL OF COMMERCE 25 



B4. Sociology — Social evolution and progress, with particular 
reference to social laws. The development of social institutions, as 
the family, the state. The development of social control and the 
social and economic forces in social control. Open to students who 
have completed Course A. Credit, three year-hours. Tu., Th., 
Sat., 8. Professor Heilman. 

B5. Present Day Social and Industrial Problems — Industry and 
the modern city. Cities before and since the eighteenth century 
industrial revolution. Industries in relation to urban and rural 
population. Immigration. Women in industry. Industry and the 
family. Industry and the state. Mercantile, laissez faire, and human 
welfare views of industrial legislation. Social betterment activities 
with reference to standards of industrial and social progress. Open 
to students who have completed Course A. Credit, three year-hours. 
Tu., Th., 10. Third hour to be arranged. Professor Hotchkiss. 

B6. Elements of Public Finance; State and Local Taxation — 
First semester — The nature of the state ; theories of public expendi- 
ture; the direction of public expenditures in cities, states, and in the 
nation; classification of public expenditures; budget making in theory 
and practice. Second semester — State and local taxation. The 
general property tax during the American colonial period ; the tax 
history of Ohio to 1850, constitutional tax provisions; uniformity in 
taxation; taxation of real and personal property; comparative tax 
administration ; inheritance, corporation, and income taxation. 
Alternates with Course C7. Open to students who have completed 
Course A. Credit, three year-hours. Mon., Wed., Fri., 10. Pro- 
fessor Secrist. 

B7. Industrial Relations — See Industry, page 28. 

Ci. Advanced Money and Banking — See Banking and Finance, 
page 21. 

C2. Public Utilities — The relations of public service corpora- 
tions and the public; various methods of regulation and control, the 
franchise, the indeterminate permit, public ownership, public utilities 
commissions; the development by commissions and the companies of 
the principles of valuation, rate making, service and capitalization, 
analysis of recent important commission decisions. Credit, four se- 
mester-hours. First semester. Tu., Th., Sat., 10. Laboratory work 
will be required in connection with this course. Professor Heilman. 



26 NORTHWESTERN UNIVERSITY 



C4. Labor Conditions and Labor Legislation — Factory condi- 
tions in respect to hours, wages, sanitation. Industrial accidents, 
safety standards and accident prevention. Limitation of hours. Work- 
men's Compensation. Laws regulating the employment of women 
and children. Unemployment insurance. Minimum wages. Labor 
bureaus and the administration of labor laws. Alternates with 
Course B2. Open to students who have completed or are taking a 
course in the B group. Credit, three year-hours. Mon., Wed., 
Fri., 8. Professor Deibler. 

*C7. Principles of Public Finance and Taxation — First semester 
— Public finance viewed as the science and method of satisfying public 
wants; the field of private and public activity; economy and efficiency 
in public expenditures; budget making; ordinary and extraordinary 
sources of revenue; war finance; public debts and financial adminis- 
tration. Second semester — Principles of taxation. Historical survey 
of early taxation with respect to tax principles; justice in taxation; 
theories of taxation ; distribution of taxation ; present tendencies and 
reform in taxation. Alternates with Course B6. Open to students 
who have completed or are taking a course in the B group. Credit, 
three year-hours. Mon., Wed., Fri., 10. Professor Secrist. 

*C8. Social and Economic Reforms — A study of various pro- 
posals for economic reform. Socialism, the Marxian philosophy and 
its recent modifications, the growth and tactics of Socialist party in 
Europe and the United States, communism and the communistic 
experiments, the Single Tax, profit sharing in industry, Social insur- 
ance. Professor Heilman. 

C9. Value and Distribution — A more thorough study of eco- 
nomic principles than is possible in the introductory course. A com- 
parison of the theories of distribution as developed in the works of 
prominent economists as Marshall, Bohm-Bawerk, Taussig, Clark, 
Fisher, etc. Credit, four semester-hours. Second semester. Tu., 
Th., Sat., 10. Fourth hour to be arranged. Professor Heilman. 

CiO. Investments — See Banking and Finance, page 21. 

Cu. Transportation — See Transportation, page 30. 

C12. Business and Government — See Government, page 27. 

C14. Special Problems in Social Betterment — Individual con- 
ferences and reports upon special phases of topics covered in Course 



*Not given in 1917-1918. 



THE SCHOOL OF COMMERCE 27 



B5. Study of literature and source materials on a particular subject 
together with a moderate amount of field work. Results embodied in 
a semester report carrying two hours of credit. Open at the discre- 
tion of the instructor to students who have completed Course B4, 
and who are taking B5. Second semester, hours to be arranged. 
Professor Hotchkiss. 

C15. Statistics and Statistical Methods — See Statistics, page 30. 

C16. Principles of Business and Commercial Organization — 
See Commerce, page 22. 

D. Seminar — See Seminar and Research Courses, page 31. 

Government 

Business and Government (Economics C12) — This course, in a 
measure, is a summation of the public aspects of business with which 
graduate students, Economic majors and business students will have 
come in contact in earlier courses. Expansion of business since the 
Industrial Revolution; large-scale production; "big business"; class 
interests in business; enterpriser, investor, worker, consumer, the 
small business man. Necessity for regulation; objects to attain 
through regulation ; constitutional and legal aspects of regulation ; 
administrative phases of regulation ; government ownership, scope 
and limitations; government promotion of business; co-operation 
between government and business; government activity of business 
organizations; research; publication; education of business men; 
harmonizing business and civic motives; non-pecuniary rewards in 
business; national efficiency in business; elements of a national policy 
toward business. Required in the second year of the course in Busi- 
ness Administration. Credit, three year-hours. Tu., Th., 9. Third 
hour to be arranged. Professor Hotchkiss. 

Government — The following courses in Government are offered 
by the Department of Political Science in the College of Liberal 
Arts. These courses may be elected by Commerce students who can 
satisfy the prerequisites fixed by the Department. 

Al. Introductory Government, Mon., Wed., Fri., 8, 10. Credit, 
three year-hours* 

A2. American Federal Government, Mon., Wed., Fri., 8. 
(Second semester.) Credit, three semester-hours* A repetition oi 
the first semester of Course Ai. 



♦Credit, two hours if taken in Senior year. 



28 NORTHWESTERN UNIVERSITY 



Bi. Political Parties, Mon., Wed., Fri., 10. Credit, three 
year-hours. 

B3. International and Constitutional Law, Mon., Wed., Fri., 
Hi Credit, three year-hours. 

B5. Contemporary European Politics, Th., 4. (First semester.) 
Credit, one semester-hour. 

Ci. Municipal Government, Tu., Th., Sat., 9. Credit, three 
year-hours. 

C3. European Diplomacy and World Politics, Tu., Th., 10. 
Credit, tivo year-hours. 

C4. Asiatic Politics and Government, Tu., Th., II. (First 
semester.) Credit, two semester-hours. 

C5. Administration, European Governments, Tu., Th., II. 
(Second semester.) Credit, two semester-hours. 

*C6. The Government of England, Tu., Th., II. (Second 
semester.) Credit, two semester-hours. 

*Cj. Colonial Government. 

*Di. Seminar in State Government, Wed., 4-6. (Second se- 
mester.) Credit, two to four semester-hours. 

D2. Seminar in Diplomacy, Wed., 4-6. (First semester.) 
Credit, two to four semester-hours. 



Industry 

Factory Management — Factors affecting location of plant; adap- 
tation of building to process; types of factory building; routing of 
work; selection and arrangement of machinery; auxiliary depart- 
ments. Types of organization and special adaptations of each type; 
executive control ; methods in the Production, Stores, Purchasing, 
Shipping, Engineering, Cost, and other departments; routing of work; 
progress records; standardization. Handling of labor, wage systems; 
time study; selection, discipline, and records; methods of securing the 
workmen's co-operation. Credit, four semester-hours. First semester, 
Wed., Fri., 2 to 4. Professor Dutton. 

Efficiency Standards — Absolute and relative standards of effi- 
ciency: graphical methods; analysis of the problem; selection of the 
unit of measurement. Determination of Standards; of Investment 



*Not given in 1917-1918. 



THE SCHOOL OF COMMERCE 29 



Efficiency; the Investment Equation; of Labor Efficiency, composite 
merit standards for judging employes, time and motion study, in- 
ventive and statistical; of Method, instruction cards; of Quality, 
specifications. Application of Standards; the Schedule as applied to 
factory, office, and other lines of work; Routing; Dispatching; Fol- 
low-up. The course will consist principally of laboratory problems 
to be worked out by the class. Credit, three semester-hours. Second 
semester, Wed., 2 to 3, Fri., 2 to 4. Mr. Dutton. 

Industrial Relations — This is a course prepared to meet the 
demand for instruction in the scientific adjustment of the relations 
of employer and employe. The basis of the course is the labor ar- 
rangements existing in such organizations as Hart, Schaffner and 
Marx, the Ford Motor Company, the United States Steel Corpora- 
tion, Procter and Gamble, the J. B. Stetson Company, and the Cloak 
and Suit Manufacturers Association in New York. 

Many manufacturing concerns have already established special 
labor departments t.o administer the policies and plans of the manage- 
ment concerning its employes. Employment, welfare work, dealing 
with organized labor, accident and compensation, benefit societies, 
etc., are among the functions of such departments and there is an 
increasing demand for men to take charge of such work. A broader 
understanding of all modern devices to secure harmonious relations 
between management and employes is becoming increasingly more 
necessary to every employer of labor. Credit, three year-hours. Tu., 
Th., and Sat., 9. Professor Howard. 

Psychology 

Ai. Elementary General Psychology — Class room demonstra- 
tions and guidance to private observation; demonstration of appara- 
tus and methods of experimental psychology ; written exercises and 
experiments by members of the class; text-book, lectures, and collat- 
eral reading. Open to Sophomores, Juniors, and Seniors. Required 
in the Pre-Commerce course. Credit, three year-hours. Mon., Wed., 
Fri., 10, 2. Professor Scott. 

Bi. Experimental Psychology — Intended for students of gen- 
eral psychology who desire to become acquainted with laboratory 
methods. Open to students who are taking or have completed 
Course Ai ; see University Catalog, page 126. Two consecutive 
hours of laboratory work are required for one hour of credit. Credit, 
two year-hours. Mon., Wed., 3-5 ; Tu., Th., 2-4. Dr. Tolman. 



30 NORTHWESTERN UNIVERSITY 



B3. Applied Psychology; Business — Psychological principles 
which have the most direct application to business. Analysis of busi- 
ness practices and an attempt to understand from a psychological 
standpoint some of the causes of successes and failures in business. 
Individual students study the actual and also the possible applica- 
tions in business of such factors as imitation, competition, loyalty, 
the love of the game, and personal differences. More attention is 
paid to advertising than to other forms of business. Open to stu- 
dents who have completed Course Ai. Required in the first year of 
the course in Business Administration. Second semester. Mon., 
Wed., Fri., 10. Credit, three semester-hours. Professor Scott. 

Statistics 

Statistics and Statistical Methods (Economics C15) — Designed 
to prepare students to use approved statistical methods discriminat- 
ingly in the analysis of economic problems. Uses and abuses of 
statistics studied by means of problems drawn from general economics 
and business. Lectures and laboratory. Open to students who have 
completed a course in Economics as advanced as the B group. Credit, 
four semester-hours. Second semester. Lecture, Mon., Wed., 2; 
laboratory,. Mon., Wed., 3 to 5. Professor Secrist. 

Transportation 

*The Interstate Commerce Act (Economics Cn) — Development 
of American transportation systems; the economic characteristics of 
railroads; competitive and non-competitive rate-making; the Inter- 
state Commerce Act, as amended ; the causes of the passage of the 
Act, and the results of its workings; the railroad traffic associations; 
general characteristics of the rate structure; railroad rates and the 
problems of plant location, and of marketing; milling and fabrica- 
tion in transit; diversion; routing and tracing; the Administrative 
and Conference rulings of the Interstate Commerce Commission ; the 
Interstate Commerce Act, and its interpretation. Credit, three 
semester-hours. First semester, Tu., Th., Sat., 8. Professor Van- 
derblue. 

*Rate Structure (Economics Cn) — The place of the Traffic De- 
partment in the railroad organization ; the rules of the Interstate 
Commerce Commission governing the compilation, filing, and publi- 
cation of tariffs; the Official, Western, and Southern Classifications, 



*Not given in 1917-1918. 



THE SCHOOL OF COMMERCE 31 



and the extent of their application; the interpretation of classifica- 
tions and of tariffs ;, Trunk Line and Central Freight Association 
rates; rates into Southeastern Territory, and the Carolinas; the 
Virginia Cities adjustment; Trans-Mississippi and Trans-Missouri 
rates; Colorado, Utah, and Montana common points; rates to 
Southwestern Territory and Texas common points; Transcontinental 
rates; intra-state and intra-territorial rates; the effect of the Panama 
Canal on rates and traffic; export and import rates; port differentials 
and the decisions of the Commission thereon. Credit, three semester- 
hours. Second semester, Tu., Th., Sat., 8. Professor Vanderblue. 

Seminar and Research Courses 

Economic Seminar (Economics D) — Involves an original investi- 
gation extending over a complete school year, dealing with a phase 
of a fundamental economic problem related to the probable future 
business field of the student. Students meet for the discussion of 
general questions involving the technique of investigation, such as 
the use of original materials, taking of notes, marshalling of facts. 
The individual work is done under the direction of a member or 
members of the faculty. Intended to give the students training in 
the use of original data and in drawing correct and accurate con- 
clusions based on all of the facts in a limited field of inquiry. Credit 
3-6 hours. The normal registration of second year students in Busi- 
ness Administration will be four hours. 

Advanced Seminars in Special Fields: Commercial Organization, 
Factory Management, Banking and Finance, Accounting, etc. — 
Organization similar to the one above, except that the work of each 
student is entirely individual and under the direct supervision of a 
member of the faculty. Thorough investigation of some fundamental 
problem, particularly from the standpoint of business organization in 
the special field. Preceded normally by Economics D. 

Problems and Field Work — Intended to give an opportunity for 
students in their fifth year to come in contact with some of the actual 
problems of organization and management, found in an individual 
establishment or group of establishments. In some cases, the work 
is based upon the experience obtained by actual employment during 
the preceding summer. In other cases, the experiences of summer 
work are used in connection with work carried on by the student 
contemporaneously with the third year of the Business Administra- 
tion course. 



32 NORTHWESTERN UNIVERSITY 



Other Courses 

COLLEGE OF LIBERAL ARTS 

Students in Business Administration are encouraged to elect 
College work in English and other modern languages, History, 
Mathematics, the laboratory sciences, and in any other subjects in 
which the discipline secured will contribute to the efficiency of the 
student in the line of business for wjiich he is preparing. 

THE LAW SCHOOL 

Students are also encouraged to supplement the Law courses 
offered in the School of Commerce by work in the Law School in 
all cases where further legal training seems essential to the best 
preparation for a particular career. This applies particularly to the 
students preparing for Foreign Trade, for whom a thorough training 
in International and Constitutional Law is indispensable. 



For details concerning courses in the College of Liberal Arts and 
in other schools of the University, consult the Annual Catalog of the 
University. 



GENERAL INFORMATION 

The Library 

The Library contains 105,000 bound volumes and approximately 
70,000 pamphlets. It is open to officers of the University, and to 
students upon the payment of their regular semester bills under the 
following regulations: 

1. During the college year the Library is open, except on Sun- 
day, from 8 a. m. to 10 p. m. In the summer vacation, except on 
Saturday afternoon and on Sunday, it is open from 8 a. m. until 12 
noon and 1 130 p. m. to 5 p. m. The Library is closed on New Year's 
Day, the Fourth of July, Thanksgiving Day, and Christmas Day. 

2. Officers of the University have direct access to the shelves 

and are entitled to the first use of books. 



THE SCHOOL OF COMMERCE 33 



3. Students may draw from the Library three volumes at a 
time, and these may be kept for two weeks unless specially restricted. 
Graduate students may have six volumes at a time. 

4. The book stacks are not open to the students in general or 
to the public; but cards of admission may be given by the Librarian 
on recommendation of an officer of instruction. 

5. Reserved books in the reading room and the seminary rooms 
are withdrawn from circulation at the request of officers of in- 
struction for the use of their classes. The books reserved in the read- 
ing room and other books of reference are placed on open shelves 
freely and equally accessible to all readers ; or, when much in demand, 
they are kept at the desk, and delivered on application there. These 
books are on no account to be taken from the reading room, and must 
be used with due regard to the rights of others. 

6. Persons not members of the University are allowed the use 
of the reading room at the discretion of the Librarian. Persons in- 
troduced by an officer of the University may be permitted to take 
books for a short period on the officer's account, or may be granted 
the privileges of the Library upon written application endorsed by an 
officer of the University. 



In addition to the University Library in Evanston, there are avail- 
able to the students of the School of Commerce the Commerce 
Library in the Northwestern University Building, Chicago; the 
Elbert H. Gary Library of Law, housed in the same building; the 
John Crerar Library, located in the Marshall Field Building, and 
the Public Library of Chicago. The John Crerar Library is very 
completely equipped with materials for use in business research. 

Employment for Graduates 

Although the School of Commerce does not promise to secure 
positions for its graduates, it has organized a Bureau of Employment 
through which it makes a systematic effort to find positions for stu- 
dents who have made a g'ood record in the School. Aside from the 
opportunity which the Bureau of Employment affords in placing 
graduates, the association with the students in the evening school, 
for which the curriculum provides in the third year of the course in 
Business Administration, will aid students in making satisfactory con- 
nection with business firms upon the completion of their study. 



34 NORTHWESTERN UNIVERSITY 



Residences for Men 

Thirteen new dormitories, of which nine are fraternity houses and 
four are so-called College Houses, are now available for men students, 
and all men are required to live in a dormitory unless for sufficient 
cause they are given formal permission to live elsewhere. 

The College Houses are named Lindgren House, after Mr. John 
R. Lindgren, the donor; Hinman House, Foster House, and Haven 
House, after the first three Presidents of the University. 

For description of the Buildings, see page 46 of the General 
Catalog. 

A dining hall or Commons is operated on the top floor of one 
of the buildings, where good board may be had at reasonable prices. 

Each student room is for one person and is furnished with a 
single bed, mattress, pillow, chiffonier, a combined study table and 
bookcase, chairs, rugs, and window shades. The occupant furnishes 
his own bedding and towels, but the University takes charge of the 
laundering of these. In the interest of economy, the cost of electric 
lighting is not included in the general charge, but is apportioned pro 
rata, to the occupants of the House. 

The charge to each student for a single, furnished room, includ- 
ing care and heat for the school year, is from $90 to $110, except for 
rooms having a private bath, or a bath reserved for a suite, for which 
the annual charge is from $120 to $150. A chart can be obtained 
from the Registrar showing the location of rooms, with cost. 

Room rent is payable in two installments, one at the beginning 
of each semester, and is not returnable. A deposit of $10.00 is 
required at the time a room is assigned, to be held until the end of 
the college year to cover possible charges, any unused balance to be 
returned to the student. 

Applications and all inquiries in regard to the dormitories should 
be sent to the Registrar, University Hall, Evanston, Illinois. 

Business Fellowships 

Arrangements have been made with the National City Bank of 
New York to select annually one or more students from a group 
recommended by the School of Commerce, to spend in that institution 
a full year consisting of summer vacations and a period imme- 



THE SCHOOL OF COMMERCE 35 



diately following graduation. The student will be paid $60.00 per 
month by the bank, and will be allowed a maximum sum for travel- 
ing expenses. 

Several Chicago firms will employ, during vacations, a selected 
number of students who have definitely decided to enter the line of 
business in which the respective firms are engaged. 



Fellowships 

Two part-time fellowships are awarded each year. These fellow- 
ships carry an honorarium of $400 each, and tuition ; applications 
should be filed before April first. 



Commerce Society 

The Commerce Society is an organization composed of students 
interested in commerce who meet specified requirements. This 
Society meets every two weeks and is addressed by business men. 
Since its organization in March, 19 16, the speakers who have ap- 
peared before the Society have included Edward M. Skinner, 
General Manager of Wilson Brothers; George Woodruff, President 
of the First National Bank, Joliet; Irving A. Berndt, Manager of 
Betterment Department, Joseph T. Ryerson & Son. 



Grades of Scholarship 

At the end of each semester the standing of each student in each of 
his courses is reported by the instructor to the Secretary and is en- 
tered of record. Standing is expressed, according to proficiency, in 
grades A, B, C, D, E, F. 

Grade A denotes superior scholarship ; grade B, good scholarship ; 
grade C, fair scholarship; grade D, poor scholarship; grade E, a 
condition which may be removed by a second examination; grade 
F, a* failure removable only by repetition of the subject in the class. 
Work of grades A, B, and C is counted toward a degree. Work of 
grade D may also be counted toward a degree, but not more than one- 
fifth of the work done under the Commerce Faculty offered to meet 
the requirements for graduation may be of this grade and no work 



36 N O R T H W E S T E R N UNIVERSITY 



of this grade may be counted toward the B.B.A. degree, unless offset 
by an equal amount of work of grade A in the same semester. 

Students who secure a lower grade than D in any course will 
be permitted to continue their work for the B.B.A. degree only in 
very exceptional cases. In such cases, regulations for making up the 
work in which the deficiency occurs are the same as obtain in the 
College of Liberal Arts. 

Work reported "incomplete" at the end of any semester, and not 
made good by the beginning of the corresponding semester of the fol- 
lowing year, can thereafter be given credit only by repetition in 
class. 

The semester records of students are sent by the Secretary to the 
student's father or guardian. 



Class Attendance 

Students are expected to attend all regular class exercises and 
conferences which the instructor may designate. Each instructor is 
at liberty to adopt such measures as he deems expedient for bringing 
this about. In case absences in any course should be repeated, the 
adjustment of work takes place under the rules which obtain in the 
College of Liberal Arts. See Annual Catalog, page 159. 



Fees and Expenses 

All fees are due and payable in -advance and until paid the 
student's registration is considered provisional. 

A matriculation fee of five dollars is charged when a student first 
enters the University. This fee is paid but once and is not return- 
able. 

Tuition Fees — Students are required to pay fees for instruction 
and incidentals each semester as follows: 

Regular full tuition and incidentals $75-0° 

Graduate students pursuing courses prescribed for the degree of 
Bachelor in Business Administration are required to pay the tuition 
of the School of Commerce. 



THE SCHOOL OF COMMERCE 37 



Lecture Note Fees — A fee sufficient to cover the cost of prepar- 
ing and manifolding notes in certain subjects is entered with the 
tuition bill at the beginning of each semester. This fee, depending 
on the subject, varies from $3.00 to $5.00 a semester. 

Late Registration — A fee of two dollars is charged students reg- 
istering after the first Wednesday in the first semester and after the 
first Saturday in the second semester. 

Changes in Registration — A fee of one dollar is charged for any 
change in registration after the first full week of a semester. 

Special Examinations — A fee of two dollars is charged for each 
examination taken at a time other than that provided in the regular 
schedule. 

Graduation Fee — A fee of ten dollars is charged persons taking 
any degree. This fee is payable on the first day of May of the year 
of graduation. 

Refunds — No fees for instruction or incidentals will be refunded 
except in cases of sickness. If on account of his serious illness a 
student withdraws before the middle of a semester, one-half of his 
tuition fee will be refunded, providing he secures from the Dean a 
statement of honorable standing, and from a physician a certificate 
that his health will not permit him to remain in attendance. Appli- 
cation for a refund must be made before the close of the semester for 
which the fee was paid. 

Bills for fees are made out at the Commerce Office in Harris 
Hall. Payment is made at the Business Manager's Office, 518 Davis 
Street, Evanston. Checks should be made payable to "Northwestern 
University," and all payments should be made in currency or in Chi- 
cago exchange. 

SELF-SUPPORT OF STUDENTS 

The University does not encourage students to enter school if 
entirely without resources. Not a few students, however, are able 
to help themselves materially by their labor, while pursuing studies. 
The Young Men's Christian Association, Evanston, conducts a 
bureau of self-help which is of assistance in securing work for a 
large number desiring it. Inquiries sent to the Secretary of this 
Association receive careful attention. 

The services of the Bureau of Employment (see page 33) are 
also available for students seeking work. 



38 NORTHWESTERN UNIVERSITY 



UNIVERSITY NOT RESPONSIBLE FOR PERSONAL LOSSES 

The University is not responsible for the loss of any personal 
property belonging to any of the students in any building owned by 
the University, whether the loss occurs by theft, fire, or an unknown 
cause. 

HOW TO ADDRESS CORRESPONDENCE 

All correspondence concerning the course in Business Adminis- 
tration is handled at the Chicago office of the School of Commerce. 
Address letters of inquiry to the Secretary, Northwestern 
University School of Commerce, Northwestern University 
Building, Chicago. 

Full information regarding requirements, courses, and fees for 
Pre-Commerce students is contained in the Annual Catalog of the 
University. This may be secured by addressing the Registrar of the 
College of Liberal Arts, Evanston, Illinois. 



3 0112 105882010 



HOW TO ADDRESS 
CORRESPONDENCE 



ALL correspondence is handled at 
the Chicago Office of the School 
of Commerce. Address letters of 
inquiry to the Secretary, Northwestern 
University School of Commerce, North' 
Western University Building, CHICAGO. 



Northwestern University Bulletin is published 
weekly by Northwestern University during 
the academic year at Chicago, Illinois. 
Entered as second-class mail matter at the 
post office at Chicago, Illinois, under act of 
Congress of August 24, 19 1 2